Fonix Mobile (LON:FNX) Earns “Buy” Rating from Canaccord Genuity Group

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Tuesday, September 22nd, Digital Look reports. They currently have a GBX 293 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 50.26% from the stock’s previous close.

Fonix Mobile Price Performance

Shares of Fonix Mobile stock traded down GBX 6 on Tuesday, reaching GBX 195. The stock had a trading volume of 619,026 shares, compared to its average volume of 185,741. Fonix Mobile has a 1 year low of GBX 143 and a 1 year high of GBX 244. The company has a market cap of £190.37 million, a P/E ratio of 17.41 and a beta of 0.57. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is GBX 173.20 and its two-hundred day moving average is GBX 162.96.

Fonix Mobile (LON:FNX) last released its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 12.10 EPS for the quarter. Fonix Mobile had a net margin of 14.27% and a return on equity of 107.46%. As a group, research analysts anticipate that Fonix Mobile will post 10.9108622 EPS for the current year.

Fonix Mobile Company Profile

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.